Latest news with #VenturePulse
Time of India
3 days ago
- Business
- Time of India
Smaller cities to drive India's quick commerce market to $57 billion by 2030
New Delhi: Riding on a surge in online orders in smaller cities and towns, India is likely to see its quick commerce (QC) total addressable market (TAM) reach USD 57 billion by 2030, according to a new report. Morgan Stanley has updated its forecast from earlier USD 42 billion, as quick commerce adoption rises across the country. The global brokerage has also raised its gross order value (GOV) estimates for the quick commerce segment in India by 9-11 per cent for FY26-28. It also identified key catalysts for the sector in the coming quarters, including sustained growth in quick commerce GOV, continued improvement in food delivery margins, and a stable competitive environment. Quick commerce operators, including Blinkit, Instamart, Zepto and Flipkart Minutes continue to expand. Eternal's (earlier Zomato) quick commerce business is "primed for growth" with a profitability profile over the medium term that is expected to mirror its food delivery operations, said the report. By holding leadership positions in both food delivery and quick commerce, Eternal is uniquely positioned to dominate a growing profit pool, the brokerage noted. According to a recent KPMG Private Enterprise's Venture Pulse, global VC investment rose from USD 349.4 billion across 43,320 deals in 2023 to USD 368.3 billion across 35,684 deals in 2024, as quick-commerce remains a hot sector of investments in India this year. E-commerce and quick commerce have grown 2-3 times faster in value than traditional and modern trade channels, diminishing the need for an extensive traditional trade network to enter the market. Digital payments are also gaining popularity, with 45 per cent of Internet users adopting them for transactions, said a Bain & Company report in April. According to the RBI, "Private final consumption is the brightening spot in the economy, driven by e-commerce and q-commerce among which it is important to foster competition rather than being restrictive".
Irish Examiner
26-05-2025
- Business
- Irish Examiner
Small firms lose out in venture capital splurge
Venture capital investment into Irish firms rose significantly during the first three months of the year to €532.8m but smaller firms have lost out as deal volume and value in their category fall, a new report has found. According to the Irish Venture Capital Association VenturePulse survey, published in association with William Fry, venture capital investment transactions increased by over 100% compared to the same period last year. In total, there were 43 venture capital investments completed between January and March but these were heavily weighted towards higher value transactions. Deals valued at €30m or higher accounted for €296.8m of the total venture capital spend during the first quarter. Funding in the €10m and €30m range rose by 184% to €132m, funding between €5m and €10m grew 138% to €43.8m while deals between €3m and €5m increased 346% to €35m. However, deals valued between €1m and €3m fell by 5% to €21.6m and deals under €1m fell by 42% to €3.6m with the number of deals in this category also dropping from 21 in early 2024 to six this year. Seed funding, or first rounds raised by small and medium-sized enterprises (SMEs), fell to €39.3m from €40.4m the previous year. Gerry Maguire, chairperson of the Irish Venture Capital Association (IVAC) noted that over 80% of the total in this quarter was 'due to deals worth over €10m' adding that the picture for start-ups raising under €3m was less rosy and this may reflect an imbalance in the market. The report showed the highest value deals during the first quarter included home lab test kits and healthcare solutions company Let's get Checked which raised €150m, Cybersecurity firm Tines which raised €115m followed by AI company Protex AI which raised €31.8m. Rounding out the top five were drone delivery firm Manna at €27m and medical technology manufacturer Perfuze at €22m. The first quarter of the year concluded before US president Donald Trump announced a raft of tariffs on all imports coming into the US so the full impact of the change was not captured in this report. Mr Maguire said that anecdotal evidence suggested that the uncertainty and caution caused by this, especially amongst international investors, is likely to show up in following quarters. Sarah-Jane Larkin, director general of the IVCA said that funding by international venture capital into Irish companies rose to 82% of the total, compared to 71% in the same quarter last year. 'This is a double-edged sword. While it reflects the high quality and potential of Irish tech firms and demand by overseas investors, it also reflects Ireland Inc's vulnerability to international influences if the tide goes out,' she said. According to the report, 45% of all the venture capital investment during this period went into the life sciences sector while 22% went to cybersecurity, and 9% went to software. Fintech investment and AI investment accounted for 8% and 7% respectively. Enterprise Ireland, the State agency responsible for growing indigenous Irish businesses, invested in five companies during the first quarter, according to the report. Of these, two were AI firms, Assidious Corp and Euryka AI, one is an virtual reality firm, VRAI, one was a medical technology firm Proverum, and the last was a whiskey cask exchange company LYQD. The VenturePulse survey data covers equity funds raised by Irish SMEs and other SMEs headquartered on the island of Ireland from a wide variety of investors. This research is based on the latest detailed information supplied internally by members of the IVCA and from published information where IVCA members were not involved.
RTÉ News
26-05-2025
- Business
- RTÉ News
VC funding into Irish SMEs soars in first quarter to €533m
Venture capital funding into Irish SMEs jumped to €532.8m in the first quarter of 2025, new figures from the Irish Venture Capital Association Venture Pulse survey shows. This was a record for a first quarter and marked a year-to-year increase of over 100%. The survey is carried out in association with William Fry. It showed that deals in the €30m+ category grew by nearly 90% to €296.8m, while funding in the €10m-€30m range soared by 184% to €132m. Meanwhile, deals between €5m-€10m jumped by 138% to €43.8m and funding in the €3-€5m surged by 346% to €35m from €7.8m the previous quarter. But deals in the €1m-€3m category fell by 5% to €21.6m, while deals under €1m fell by 42% to €3.6m from €6.2m the previous year. The IVCA said there was big a big fall in the number of deals in this category, down from 21 to six. Seed funding, or first rounds raised by SMEs, fell by 3% to €39.3m from €40.4m the previous year, it added. The total number of deals in the first quarter was 43, slightly ahead of the same quarter last year when the number of deals came to 41. Top five deals in the first quarter were lifescience company, Let's get Checked which raised €150m. Cybersecurity firm Tines raised €115m followed by AI company, Protex AI (€31.8m), drone delivery firm, Manna (€27m) and medical technology manufacturer, Perfuze (€22m). The first quarter excluded the impact of US "Liberation Day" tariffs on April 2, Gerry Maguire, Chairperson of Irish Venture Capital Association, said anecdotal evidence suggested that the uncertainty and caution caused by this, especially amongst international investors, is likely to show up in following quarters. Sarah-Jane Larkin, director general, IVCA said that funding by international venture capital into Irish companies rose to 82% of the total, compared to 71% in the same quarter last year. "This is a doubled edged sword. While it reflects the high quality and potential of Irish tech firms and demand by overseas investors, it also reflects Ireland Inc's vulnerability to international influences if the tide goes out," she added,
RTÉ News
28-04-2025
- Business
- RTÉ News
VC investment rises significantly in Q1 on back of megadeals
Venture Capital investment in Ireland experienced a remarkable surge in the first quarter of the year, totalling $668 million dollars across 28 deals, accordiing to the latest KPMG Venture Pulse report. It's a substantial increase compared to the same period last year, when $34 million was invested across 17 deals. There was a strong start to 2025 with three deals raising over $100 million each in the first quarter. The largest deal of the quarter amounted to $125 million and was secured by the AI-powered productivity software company Tines, achieving a valuation in excess of $1 billion. Gavin Sheehan, Partner, Deal Advisory at KPMG in Ireland, said Irish VC fundraising was very strong in Q1, 2025 led by significant fundraising by Tines, XOcean and Fire1. "Globally, a lower deal count quarter-on-quarter is reflective of a more cautious sentiment given broader geopolitical uncertainty since the turn of the year," he said. "Notwithstanding these challenges, VC investment in Ireland mirrored international trends in terms of increased deal sizes and later stage investment with robust interest in the AI, big data and medtech sectors." Global VC investment surged from $118.7 billion in Q4, 2024 to an eleven-quarter high of $126.3 billion in Q1 this year, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in deal value was largely driven by a series of mega-rounds by AI companies, including a record-setting $40 billion raise by OpenAI. Meanwhile, VC investment in Europe held steady in Q1 at $18 billion, although deal volume declined from 2,314 to 1,883 quarter-on-quarter. A growth in megadeals — including five transactions at or over $500 million — highlighted the shifting focus among VC investors towards larger, later-stage opportunities. The Irish market Ireland experienced its strongest quarter of VC investment in several years in the first quarter, driven primarily by large megadeals, including a $125 million raise by AI-powered productivity software company Tines, a $120 million raise by medical device company Fire1, and a $120 million raise by ocean data services company XOcean. Fintech and medtech sectors in Ireland continue to attract significant interest from VC investors given their robust innovation ecosystems and strong talent base, with AI solutions also receiving significant investment over the quarter. While positive coming into 2025, the sentiment of VC investors in Ireland was one of caution in the latter half of the year amid rising geopolitical uncertainties. Heading into Q2, deal volume may become subdued as investors in Ireland and globally exercise caution amid trade tensions with the US. The implications associated with any US tariffs remain to be determined; both investors and startups are expected to be quite focused on assessing potential impacts on both general operations and potential expansion plans. "Despite these uncertainties, industries such as AI, health and biotech, and fintech are expected to maintain their appeal for investment and particularly for established start-ups with proven traction," he said.
Time of India
22-04-2025
- Business
- Time of India
VC investment in India dips to $2.4 billion as investors fret amid global uncertainties: Report
Venture Capital (VC) investment in India declined to USD 2.4 billion in January-March 2025 from USD 2.6 billion in the preceding quarter as investors remained wary amid the current geopolitical situation, according to a report by KPMG. Looking ahead, the report said that VC investment in India could remain "somewhat soft" in the second quarter of 2025 although the long-term outlook remains positive given the country's strong macros. "India saw VC investment drop slightly from USD 2.6 billion in Q4'24 to USD 2.4 billion in Q1'25," said KPMG Private Enterprise's Venture Pulse-- a quarterly report tracking investment trends globally across major regions around the world. It noted that capital markets also took a beating in India during the quarter amid concerns of overpricing. While markets recovered somewhat in the second half of Q1 2025, the general trajectory was lower than initially expected in Q4 2024. VC investors in the country remained highly focused on consumer offerings in the quarter under review with areas such as e-commerce and quick commerce attracting maximum attention. Further, payments and lending also continued to be a key sector of investment in India. "The most important thing in India right now is that the macros are intact. Nothing fundamentally has changed. The money has started coming back to India. There are certain large IPOs of startups that have been announced, which should hit the market over the next one or two quarters. I think we are back in business - and what we're seeing now is really just a minor impediment - a speedbump," Nitish Poddar, Partner and National Leader - Private Equity, KPMG in India, said. Live Events Apart from India, VC investment and deal volume in the Asia Pacific region dropped to USD 12.9 billion across 2,149 deals in Q1 2025 - the lowest levels the region has seen in over 10 years. VC funding declined consistently across the region, with China seeing a drop from USD 10.9 billion to USD 6 billion quarter-over-quarter. Japan saw a decline from USD 1.1 billion to USD 900 million. However, Singapore was the sole bright spot in the region, with VC investment rising from USD 880 million to USD 1.7 billion. Overall, Global VC investment surged from USD 118.7 billion in Q4 2024 to an 11-quarter high of USD 126.3 billion in Q1 2025, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in the deal value was largely driven by a series of mega-rounds by AI companies, the report noted.
